#retirement-crisis

#retirement-crisis

BlackRock, the world's largest asset management firm with $14 trillion in assets under management, surveyed 1,000 registered voters, asking how much they'd need to retire comfortably, and the average response was roughly $2.1 million. "That's a lot. More than I was expecting," Fink wrote. And "almost no one is close," considering 62% of those surveyed had less than $150,000 saved for retirement. That figure is only about 7% of what they think they need to retire comfortably.

If we are serious about addressing the retirement crisis in America, corporations must be required to offer all of their workers a traditional pension plan that guarantees a monthly income in retirement.

The country is experiencing an acute shortage of planning professionals, which is hindering construction progress and contributing to growing workloads and burnout among existing planners.